Leidos Company Profile, Products, Employees and Revenue

Leidos Company Profile, Products, Employees and Revenue

Leidos Holdings is a science and technology contractor headquartered in Reston, Virginia, that provides IT modernisation, intelligence support, air traffic control systems, security screening, managed health services and defense products, including autonomous ships such as Sea Hunter, to the US government and allies. It traces its roots to Science Applications Incorporated, founded in 1969, and has used the Leidos name since 2013.

The company employed about 47,000 people on 2 January 2026 and reported revenue of $17.2 billion for fiscal 2025, according to its annual report. Revenue from the Department of War and the US Intelligence Community accounted for about 49% of the total. Its chief executive is Tom Bell, who has led the company since May 2023.

~47,000
Employees, January 2026
$17.2B
Revenue, fiscal 2025
$48.7B
Backlog, Q2 2026
Reston, VA
Headquarters

What Does Leidos Do?

Leidos sells technical services and products to government and commercial customers. In its annual report it lists five growth pillars: space and maritime, energy infrastructure, digital modernisation and cyber, mission software, and managed health services. Its customers include the Department of War, the intelligence community, the Department of Homeland Security, the Federal Aviation Administration, the Department of Veterans Affairs and the governments of the UK and Australia.

Leidos changed its reporting structure at the start of fiscal 2026. The company now reports four segments, replacing the four used through fiscal 2025.

Leidos reporting segments
Segment Focus Revenue
Intelligence & Digital Intelligence-community mission support, cyber, digital modernisation, mission software $1.50B in Q2 2026
Health Managed health services, disability exams for the VA, health IT $1.09B in Q2 2026
Homeland Air traffic, energy infrastructure, security screening $1.02B in Q2 2026
Defense Maritime, aerospace, land and airborne systems, hypersonics $955M in Q2 2026
Source: Leidos second-quarter 2026 earnings release, 4 August 2026. Segment figures for fiscal 2025 were recast to this structure.

How Many Employees Does Leidos Have?

Leidos employed approximately 47,000 full and part-time staff on 2 January 2026, according to its fiscal 2025 annual report. About 41,900 were in the United States and the rest in roughly 45 other countries. The company says 53% hold US security clearances, 38% have degrees in science, technology, engineering or mathematics, and about 19% are military veterans. The previous annual report gave approximately 48,000 employees.

Leidos Revenue and Financial Results

Leidos financial results
Period Revenue Notes
Fiscal 2023 $15.4B Includes a $596M goodwill impairment charge
Fiscal 2024 $16.7B Fiscal year ended 3 January 2025
Fiscal 2025 $17.2B Up 3%; net bookings $17.5B; backlog $49.0B
Q2 2026 $4.56B Up 7%, 4% organic; net income $356M; bookings $4.9B
First half 2026 $8.96B Versus $8.50B a year earlier
2026 guidance $18.2B to $18.4B Raised on 4 August 2026; operating cash flow about $1.85B
Sources: Leidos annual report for fiscal 2025 (10-K, filed 17 February 2026) and earnings releases of 17 February and 4 August 2026.

Fiscal 2025 revenue rose 3% despite a six-week government shutdown in the fourth quarter. Under its former structure the segments were National Security & Digital ($7.6 billion), Health & Civil ($5.1 billion), Commercial & International ($2.3 billion) and Defense Systems ($2.2 billion). In the second quarter of 2026 Homeland revenue rose 32%, helped by $141 million from ENTRUST, while Health fell 8% on lower medical disability exam volumes.

What Are Leidos’ Main Products and Programmes?

Most Leidos revenue is services, but it also builds hardware. The security business says more than 30,000 of its screening products are deployed in over 120 countries, including people scanners, baggage scanners and cargo inspection systems. Leidos is the primary supplier to US Customs and Border Protection of mobile, non-intrusive inspection systems. In air traffic control it works with the FAA and with air navigation service providers abroad, and it delivers a single electronic health record to Department of War and VA facilities.

Defense work is concentrated in what is now the Defense segment. In maritime systems, Leidos designed the 132-foot Sea Hunter trimaran, christened in Portland, Oregon, on 7 April 2016 under DARPA’s ACTUV programme. Development passed to the Office of Naval Research in 2018, and a sister vessel, Seahawk, followed in 2021. The company also makes structures and thermal protection for hypersonic boost-glide missiles, tests hypersonic vehicles, and builds air-defense and persistent-surveillance radars. Its Dynetics unit in Huntsville, acquired in 2020, built the X-61 Gremlins air-launched, air-recoverable drone for DARPA and bid for NASA’s Artemis lunar lander.

Who Owns Leidos and What Has It Acquired?

Leidos is publicly traded on the New York Stock Exchange under the symbol LDOS. It has grown by acquisition. In 2016 it merged with Lockheed Martin’s Information Systems & Global Solutions business, and in January 2020 it bought Dynetics for about $1.65 billion. It added Gibbs & Cox, a naval architecture firm, in 2021 and Kudu Dynamics, a cyber software company, in 2025.

On 30 March 2026 Leidos completed the roughly $2.4 billion purchase of ENTRUST Solutions Group from Kohlberg, adding more than 3,100 engineers and consultants serving utilities. On 15 April 2026 it announced plans to combine its Security Enterprise Solutions unit, about 1,500 employees and $625 million of projected 2026 revenue, with Analogic in a joint venture in which Leidos keeps a minority stake. Closing is expected in the second half of 2026.

Leidos History Timeline

Leidos history
Year Event
1969 J. Robert Beyster founds Science Applications Incorporated in La Jolla, California
2006 SAIC goes public
2013 SAIC splits; the larger services company is renamed Leidos, headquartered in Reston
2016 Merger with Lockheed Martin Information Systems & Global Solutions; Sea Hunter christened
Jan 2020 Dynetics acquired for about $1.65B
2021 Gibbs & Cox acquired
May 2023 Tom Bell becomes chief executive
2025 Kudu Dynamics acquired
Jan 2026 Four-segment structure adopted
30 Mar 2026 ENTRUST acquisition completed
Source: Wikipedia and Leidos filings and press releases.

Leidos Recent Contracts and Developments

In the second quarter of 2026 Leidos booked $4.9 billion of awards. The largest were a $475 million Air Force follow-on for the F-16 avionics intermediate shop, a $456 million GSA contract for Military OneSource, a $350 million Air Force electronic warfare support modification and an $88 million Navy award for experimental hypersonic glide vehicles under MACH-TB 2.0.

In August 2026 the company was awarded a five-year, $301 million US Army cyber defense contract, covered in our report on the Leidos Army network cyber defence award. Peers with similar breadth are profiled in our company profiles of General Dynamics, L3Harris and Lockheed Martin. For the wider unmanned-vessel market, see the Navy order for 30 medium unmanned surface vessels and the HII company profile.

Leidos Company Profile

Leidos at a glance
Item Detail
Headquarters 1750 Presidents Street, Reston, Virginia
Founded 1969 as Science Applications Incorporated; Leidos since 2013
Employees About 47,000 (January 2026)
Revenue $17.2 billion (fiscal 2025)
Backlog $48.7 billion (Q2 2026)
Chief executive Tom Bell
Listing NYSE: LDOS
Segments Intelligence & Digital; Health; Homeland; Defense
Known programmes Sea Hunter, X-61 Gremlins, MACH-TB hypersonic testbed, FAA air traffic systems, security screening products
Sources: Leidos annual report for fiscal 2025 and second-quarter 2026 earnings release.
What to watch
Leidos expects the Analogic security screening joint venture to close in the second half of 2026, and guides to $18.2 billion to $18.4 billion of revenue for the year. Third-quarter results, covering the period to early October, will show the first full quarter with ENTRUST and the recast segments.

Leidos FAQ

What does Leidos do?

It provides technology, engineering and health services and products, from IT and cyber to air traffic control, security screening and autonomous ships, mainly for the US government.

Where is Leidos headquartered?

In Reston, Virginia.

How many employees does Leidos have?

About 47,000 at 2 January 2026, according to its annual report.

What was Leidos revenue in 2025?

$17.2 billion, up 3% from $16.7 billion in fiscal 2024.

Who is the CEO of Leidos?

Tom Bell, chief executive since May 2023.

What are Leidos’ business segments?

Since fiscal 2026: Intelligence & Digital, Health, Homeland and Defense.

Did Leidos build Sea Hunter?

Leidos designed the vessel for DARPA’s ACTUV programme; it was christened in April 2016.

Who owns Dynetics?

Leidos bought Dynetics of Huntsville, Alabama, in January 2020 for about $1.65 billion.

Sources
  • Leidos – Second Quarter 2026 results (4 August 2026): sec.gov
  • Leidos – Annual report (Form 10-K) for fiscal 2025: sec.gov
  • Leidos – Fourth quarter and fiscal 2025 results: press release
  • Leidos – Completes $2.4 billion acquisition of ENTRUST (30 March 2026): press release
  • Leidos – Security Enterprise Solutions and Analogic joint venture (15 April 2026): press release
  • Wikipedia – Leidos; Dynetics; Sea Hunter

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